Artivion, Inc. (AORT) Income Statement
AORT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAORT revenue and net income
Where AORT's revenue goes
2025Each bar shows an amount and its share of revenue. AORT kept 2.2% of revenue as net income.
AORT profit margins
AORT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.6% | +12.0% | +11.8% | +11.7% |
| Gross profit | +8.7% | +10.1% | +10.0% | +11.5% |
| Operating income | −31.2% | +62.8% | +61.4% | +17.5% |
| Net income | — | — | — | +9.3% |
| EPS (diluted) | — | +132.7% | +22.3% | +11.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AORT quarterly EPS vs estimates
Artivion beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.11).
AORT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $441.3M | $388.5M | $354.0M | $313.8M | $298.8M | $253.2M | $276.2M | $262.8M | $189.7M | $180.4M |
| Cost of revenue | $170.9M | $139.8M | $124.8M | $111.3M | $101.3M | $85.4M | $93.2M | $89.9M | $61.1M | $61.5M |
| Gross profit | $270.5M | $248.8M | $229.2M | $202.5M | $197.5M | $167.8M | $183.0M | $173.0M | $128.6M | $118.9M |
| Research & development | $31.0M | $28.5M | $28.7M | $38.9M | $35.5M | $24.2M | $23.0M | $23.1M | $19.5M | $13.4M |
| Sales, general & admin | $226.5M | $190.7M | $185.4M | $164.8M | $168.8M | $141.1M | $144.7M | $141.3M | $101.8M | $91.9M |
| Total operating expenses | $243.7M | $209.9M | $223.4M | $196.3M | $189.4M | $165.3M | $166.0M | $163.7M | $120.7M | $105.0M |
| Operating income | $26.7M | $38.9M | $5.7M | $6.2M | $8.1M | $2.4M | $17.0M | $9.3M | $8.0M | $21.8M |
| Interest income | $763,000 | $1.5M | $740,000 | $147,000 | $79,000 | $217,000 | $738,000 | $226,000 | — | — |
| Interest expense | $26.6M | $34.3M | $25.3M | $18.2M | $16.9M | $16.7M | $14.9M | $15.8M | $4.9M | $3.0M |
| Income before taxes | $14.8M | −$7.5M | −$21.6M | −$15.0M | −$14.8M | −$17.2M | $1.6M | −$6.4M | $3.6M | $18.4M |
| Income taxes | $5.0M | $5.8M | $9.1M | $4.2M | $7,000 | −$492,000 | −$76,000 | −$2.6M | −$143,000 | $7.6M |
| Net income | $9.8M | −$13.4M | −$30.7M | −$19.2M | −$14.8M | −$16.7M | $1.7M | −$3.8M | $3.7M | $10.8M |
| EBITDA | $63.8M | $51.0M | $26.8M | $25.7M | $26.0M | $20.2M | $34.8M | $30.2M | $18.2M | $25.3M |
| EPS (diluted) | $0.63 | −$0.14 | $0.21 | $0.05 | −$0.39 | $0.23 | $0.31 | $0.25 | $0.40 | $0.48 |
| Gross margin | 61.3% | 64.0% | 64.7% | 64.5% | 66.1% | 66.3% | 66.3% | 65.8% | 67.8% | 65.9% |
| Operating margin | 6.1% | 10.0% | 1.6% | 2.0% | 2.7% | 1.0% | 6.2% | 3.5% | 4.2% | 12.1% |
| Net margin | 2.2% | −3.4% | −8.7% | −6.1% | −5.0% | −6.6% | 0.6% | −1.4% | 2.0% | 6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.8M | $116.3M | $116.0M | $113.4M | $113.0M | $99.0M | $97.3M | $95.8M | $98.0M | $97.4M | $93.7M | $87.9M |
| Cost of revenue | $45.2M | $44.8M | $46.3M | $39.0M | $39.9M | $35.4M | $35.8M | $34.8M | $34.7M | $34.5M | $32.6M | $31.6M |
| Gross profit | $80.5M | $71.5M | $69.7M | $74.4M | $73.1M | $63.6M | $61.5M | $61.0M | $63.3M | $62.9M | $61.1M | $56.3M |
| Research & development | $9.1M | $8.8M | $9.1M | $8.1M | $7.1M | $6.7M | $7.4M | $6.6M | $7.5M | $6.9M | $7.6M | $6.4M |
| Sales, general & admin | $79.8M | $60.8M | $56.8M | $57.3M | $57.7M | $54.7M | $50.2M | $46.5M | $47.5M | $30.7M | $50.3M | $51.1M |
| Total operating expenses | $88.9M | $64.0M | $62.5M | $61.9M | $64.7M | $61.4M | $58.8M | $56.6M | $56.8M | $37.6M | $57.9M | $57.5M |
| Operating income | −$8.4M | $7.5M | $7.2M | $12.5M | $8.4M | $2.1M | $2.7M | $4.4M | $6.5M | $25.3M | $3.2M | −$1.2M |
| Interest income | $367,000 | $205,000 | $311,000 | $240,000 | $68,000 | $144,000 | $374,000 | $366,000 | $353,000 | $374,000 | $398,000 | $339,000 |
| Interest expense | $7.3M | $5.4M | $5.5M | $6.1M | $7.3M | $7.7M | $9.7M | $8.4M | $8.3M | $7.8M | $6.2M | $6.6M |
| Income before taxes | −$11.7M | $339,000 | $6.5M | $7.1M | $3.5M | −$2.3M | −$16.6M | −$1.3M | −$2.4M | $12.8M | −$591,000 | −$9.4M |
| Income taxes | $1.8M | −$1.1M | $4.1M | $554,000 | $2.1M | −$1.8M | −$119,000 | $1.0M | −$306,000 | $5.2M | $3.4M | $382,000 |
| Net income | −$13.5M | $1.4M | $2.4M | $6.5M | $1.3M | −$505,000 | −$16.5M | −$2.3M | −$2.1M | $7.5M | −$4.0M | −$9.8M |
| EBITDA | $2.3M | $12.0M | $17.8M | $18.9M | $16.3M | $10.8M | −$565,000 | $13.2M | $11.8M | $26.5M | $11.5M | $2.9M |
| EPS (diluted) | $0.13 | $0.08 | $0.17 | $0.16 | $0.24 | $0.06 | −$0.39 | $0.12 | $0.07 | $0.06 | $0.11 | $0.02 |
| Gross margin | 64.0% | 61.5% | 60.1% | 65.6% | 64.7% | 64.2% | 63.2% | 63.7% | 64.6% | 64.6% | 65.2% | 64.0% |
| Operating margin | −6.7% | 6.4% | 6.2% | 11.1% | 7.4% | 2.2% | 2.7% | 4.6% | 6.6% | 26.0% | 3.4% | −1.4% |
| Net margin | −10.7% | 1.2% | 2.1% | 5.7% | 1.2% | −0.5% | −16.9% | −2.4% | −2.2% | 7.7% | −4.2% | −11.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AORT's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AORT financial results
In fiscal year 2025 (ended December 31, 2025), Artivion reported revenue of $441.3 million, up 13.6% from the year before. It had net income of $9.8 million, a net profit margin of 2.2%. Diluted earnings per share came to $0.63. Over five years revenue grew at an average rate of 11.8% a year.
See the AORT stock overview for the latest quote and news, or the AORT chart for price history and technical indicators.
AORT income statement FAQ
What is Artivion's annual revenue?
Artivion reported total revenue of $441.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.6% from $388.5 million the previous year.
Is Artivion profitable?
Yes. Artivion reported net income of $9.8 million in fiscal 2025, a net profit margin of 2.2%; its operating margin was 6.1%.
What is Artivion's gross margin?
Artivion's gross margin was 61.3% in fiscal 2025: for every $100 of revenue, Artivion kept $61 after the direct cost of its products and services.
How much does Artivion spend on research and development?
Artivion spent $31.0 million on research and development in fiscal 2025, 7.0% of revenue.
How fast is Artivion growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from $253.2 million to $441.3 million.
What are Artivion's earnings per share?
Artivion earned $0.63 per diluted share in fiscal 2025, compared with $-0.14 a year earlier.
When will Artivion report its next earnings?
Artivion is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Artivion's fiscal year end?
Artivion's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.